LOAN PROGRAMS

RCN Capital offers short-term and long-term financing options for real estate investors. Whether you or your clients are looking to fix & flip properties or hold properties for rental income, RCN has flexible options that suit your needs.

Final loan terms may vary based on loan types, verification of application information, and other risk-based factors.

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RCN Capital values building strong partnerships with industry professionals because partnerships drive our success. Learn more about RCN Capital’s Wholesale Lending opportunities, including the Broker Referral Program and the Correspondent Lending Program.

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RCN Capital is a nationwide private, direct lender. Established in 2010, we provide retail and wholesale lending options for short-term fix and flip financing, long-term DSCR financing, and ground-up construction financing for real estate investors.

Resources

RCN Capital provides a variety of resources that can help you on your lending journey. Find business partners that can help solve any investing problem, learn more about our processes and get answers to the most frequently asked questions.

The Do’s and Don’ts of Home Flipping


Home flipping is a tried and true method for investors looking to generate returns through real estate. It’s also one of the most popular real estate investing methods, with nearly 1 in 10 homes sold in the first quarter of 2022 being flips according to ATTOM Data. Thinking about getting into the flipping game yourself? There are a few things you should know before jumping in. While flipping can be a very profitable endeavor, it can also turn out bad if you don’t plan and execute properly. Let’s go over some of the things you should and shouldn’t do when you decide to flip a home.

Do: Make a timeline and a budget

A successful home flip starts with a really good plan. Having a rough timeline for each step of the process will be the best way to stay on track, since you’ll know right away if you’re falling behind schedule. When it comes to making a budget, it can be a good idea to overestimate your expenses in case any unexpected costs arise. Time is money, especially in the real estate world, so sticking to your plan will be the best way to ensure your flip goes smoothly.

Do: Focus your efforts in the right places

When it comes to renovations, you need to make sure your work is going to add as much value as possible to the property. A general rule of thumb is to focus on high-traffic areas like the kitchen, bathrooms, and living areas. The upgrades you make to these areas will have a significant impact on the value of the home while costing you a relatively small amount.

Do: Pick a home in a great neighborhood

Your property’s location is a major factor in how easily you can resell it when it comes time to do so. You don’t want to have to lower the final sale price just to get the home off your hands. The best homes to flip will be those that are in safe neighborhoods, with access to good schools and amenities close by.

Do: Pay attention to the little things

While you will be making larger renovations to the home to add value, you also shouldn’t neglect the little things. There are a few low-cost upgrades that can have a big impact on the look and feel of a home. Some perfect examples would be new lighting fixtures, a fresh coat of paint for the rooms, and touching up the trim around windows and doors. Don’t forget to take care of landscaping too; curb appeal can be very important for attracting buyers.

Do: Work with experienced professionals

You’re going to need to work with a few professionals to have a successful flip. Although you can perform some renovations yourself to save on costs, for major jobs like plumbing or electrical work it’s best to leave it to the professionals. You will also need to find a trusted real estate agent to assist you with the sale of the home. They’ll be able to find you a buyer quickly and get you the best offer possible for your property.

Don’t: Buy a home that won’t be profitable

Not every property you find will make a great flip, so you need to make sure the one you choose will actually generate a good return for you. For starters, you don’t want to buy the most expensive home in a neighborhood since it won’t have as much room to grow as a lower-valued property would. You also want to avoid properties that have major issues like structural damage, which can be very costly to repair and eliminate most of your profit margin.

Don’t: Pick renovations based on your personal tastes

One thing you definitely need to avoid doing is making renovations based on your personal tastes. Not everyone will want brightly colored walls or eccentric furniture. It’s better to stick to renovations that have broad appeal, so as not to put off any potential buyers.

Don’t: Accept a bad offer

You’ve invested all this money and effort into the project, so don’t let that go to waste. Make sure you receive a reasonable offer for your property, and don’t be afraid to negotiate for a fair deal. A good real estate agent will be key here, since they can ensure your home sells for a reasonable price, and you make a good return.

RCN Capital

Are you looking to secure financing for a real estate investment? RCN Capital lends to real estate professionals, commercial contractors, developers & small business owners across the nation. We provide short-term fix & flip financing, long-term rental financing, and new construction financing for real estate investors. If you are looking to acquire a loan for a home flip, RCN Capital has competitive loan options available. Connect with us today to discuss your next real estate investment.